Why a Board of Directors?
This post is written with the specific goal of reaching out to the owners of privately owned companies and their advisors. It’s even more important that owners read this if: those owners are not closely involved with their companies, as in many family office settings or when there are non-owners running the company, or when […]
Cybersecurity Anyone?
We’re all reading about the increasingly common risk of cybersecurity exposure, the bad actors launching attacks from all over the world, and the embarrassing press announcements by companies that have been victims of these attacks. What doesn’t make the news is what company management teams should know to protect themselves from such attacks, or to […]
Another year, another budget? Not this year…
If you are a member of the management team of a calendar year company, and you’ve not started your budget development for 2022, you’re already late. Remember how last year went? Getting ready for the new year at this point isn’t going to be easy, but it’s going to be even more important that you […]
You’re fed up! You want out NOW!
For young entrepreneurs who launched their companies in the past 5-10 years, grew them through intense energy and hard work, and then rode them out through a punishing pandemic, more than a few of them will be saying today “I don’t ever want to go through that again! I want to sell my company and […]
Support for Building America, or SBA for short
I don’t really think our folks in Congress had those words in mind when they authorized the Small Business Administration back in 1953. But it’s pretty clear that was the essence of their mission. Since then the SBA has done amazing things to help small businesses in this country, and they continue to be a […]
Executive Coaching is not about old guys playing football
A CEO or business owner who is committed to strong performance in all areas of their company will recognize early on that neither they nor anyone else is an expert in all things. You don’t hire one doctor to handle everything that might go wrong with your health; you don’t put your sales executive in […]
How will interest rates impact your exit plans?
If you’re considering selling your business in the near future, you may have taken notice of the recent news that interest rates are about to start going up, perhaps 3 or 4 times this year alone, after being near zero for several years. You may have asked yourself – or you should have asked yourself […]
Lease or Buy – Which is Best for Your Business?
This question still comes up regularly: Should we lease or buy the equipment we will need next year? Often this is simply a cash flow question. But about half the time the questioner is actually asking which method is least expensive. So here’s the answer(s). #1 – The answer will virtually always be: Leasing is […]
Trend Reports Help Tell the Future – Honest!
Most financial statement readers look only at their monthly or annual reports, and most monthly or annual reports present their period data compared against the immediately prior period, or against the same period a year ago. The more enlightening reports compare results against a budget, which is a carefully thought-out benchmark in its own right. […]
Happy New Year! Now what?
Happy New Year to all our clients, friends and associates. We at CFO for Rent® genuinely appreciate you and have enjoyed working with you this past year. We look forward to even more next year. I have no big financial magic or amazing accounting discovery to offer you as we leave 2021 (unlike some of […]